Re: PaySwarm-powered Open Source Crowdfunding Platform

On 20 December 2012 19:05, Manu Sporny <msporny@digitalbazaar.com> wrote:

> This is related to an e-mail that Melvin sent to this mailing list last
> week about open source IPOs.
>
> We're considering building an open source crowdfunding platform built on
> the PaySwarm protocol. This funding platform could be used by anybody to
> launch niche crowdfunding platforms. For example, the open source
> development community could use it to fund features in certain software
> projects (like raising money to hire somebody to implement a solid SIP
> client for node.js). A knitting community could use it to fund the
> purchase of yarn to make sweaters for folks affected by hurricane Sandy.
> A gaming community could use it to fund new extensions to an existing game.
>
> It would probably only support gift-based fund-raising at first (what
> KickStarter/IndieGoGo does). There would be plans to support
> equity-based fund-raising as well as debt-based fund-raising in the
> future, given enough interest in the project.
>
> The work would be built on top of the Payment Intents specification:
>
> http://payswarm.com/specs/source/payment-intents/
>
> Would anyone on this list have an interest in such an endeavor?
> Contributions wouldn't have to be across the board - it could be
> conversation on this mailing list, conversation on telecons, code
> contributions to the open source project, copy writing, etc.
>
> The work would be performed after the commercial launch of the PaySwarm
> reference implementation, but thought I'd send an e-mail out now to see
> if there would be interest in a project like this.
>

Could I present the following idea.  A project has, say 10 million credits
to allocate and the project owners give them out in a semi automated
manner, to contributors to that project.

At no point are the credits anything more than a quantitative token of
gratitude from the project.

At some point the project receives donations.  It then decides to hand out
those donations in relation to the credits people have earnt.

Would you see a problem with a system like that?


>
> -- manu
>
> --
> Manu Sporny (skype: msporny, twitter: manusporny)
> President/CEO - Digital Bazaar, Inc.
> blog: HTML5 and RDFa 1.1
> http://manu.sporny.org/2012/html5-and-rdfa/
>
>